Nvidia (NVDA) and Taiwan Semiconductor (TSM) might dominate the headlines, but they’re not the only ways to invest in artificial intelligence.
A growing number of companies are using AI to transform industries like cybersecurity, enterprise software, data infrastructure, and automation.
For investors looking beyond the mega caps, these 10 stocks offer exposure to the broader AI ecosystem, and many are still flying under the radar.
Some are profitable. Others are still in growth mode. But all of them are finding ways to benefit from the rise of AI.
Here are 10 AI stocks that aren’t Nvidia or TSM but could still deliver long-term upside.
Find the best AI stocks to buy today on TIKR (It’s free) >>>
Here are a few of our favorite stocks from this list:
Elastic N.V. (ESTC)
- Market Cap: $9 billion
- Industry: Software
- Analyst Upside: 37%
- P/E Ratio: 48
Company Overview: Elastic N.V. is a global software company specializing in real-time search and analytics. Its flagship product, Elasticsearch, powers a suite of applications across enterprise search, observability, security, and AI-driven analytics. Elastic Cloud offers these solutions through a SaaS model, serving customers worldwide.
Business Strategy: Elastic generates revenue through subscription-based access to its Elastic Stack, combining open-source technology with premium features. The company emphasizes AI-driven use cases, particularly in generative AI and platform consolidation, to drive enterprise adoption and recurring revenue.
Recent Developments:
- Earnings & Profitability: In Q3 FY2025, Elastic reported adjusted EPS of $0.63 and revenue of $382.1 million, beating analyst expectations. Full-year guidance points to continued earnings and revenue growth.
- Growth in AI & Cloud: Elastic Cloud revenue rose 25% year-over-year, supported by increasing demand for AI workloads and businesses consolidating platforms.
- Shareholder Returns: Analysts maintain a bullish outlook, with price targets implying meaningful upside potential based on strong execution and growth tailwinds.
Track Elastic’s financials, growth trends, and analyst forecasts on TIKR >>>
C3.ai (AI)
- Market Cap: $3 billion
- Industry: Software
- Analyst Upside: 25%
- P/E Ratio: -49
Company Overview: C3.ai, Inc. is an enterprise AI software company that provides AI applications for industries like energy, healthcare, and government. Its platform enables organizations to deploy AI at scale, integrating with existing IT systems to drive operational efficiency and innovation.
Business Strategy: C3.ai generates revenue through subscription-based access to its AI applications and platform. The company is focused on growing its partner ecosystem, particularly with Microsoft, AWS, and McKinsey QuantumBlack, to expand its reach and accelerate adoption.
Recent Developments:
- Earnings & Profitability: In Q3 FY2025, C3.ai reported revenue of $98.8 million, up 26% year over year. The company also narrowed its operating loss more than expected.
- Growth in AI & Cloud: The company signed 66 agreements in the quarter, including 50 pilot projects, with a strong focus on energy, healthcare, and government sectors.
- Shareholder Returns: While analysts remain cautious due to ongoing losses, C3.ai’s accelerating revenue and strategic partnerships suggest potential for long-term upside.
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Twilio (TWLO)
- Market Cap: $17 billion
- Industry: IT Services
- Analyst Upside: 11%
- P/E Ratio: 25
Company Overview: Twilio Inc. is a cloud communications platform that enables businesses to integrate messaging, voice, and video capabilities into their applications. Its services are used by developers and enterprises for customer engagement across a wide range of industries.
Business Strategy: Twilio generates revenue by offering a pay-as-you-go model for its cloud communications APIs, along with subscription-based services for enterprise customers. The company focuses on expanding its customer base, particularly through its various communication solutions, including programmable messaging, email, and contact center technologies.
Recent Developments:
- Earnings & Profitability: In Q1 FY2025, Twilio reported revenue of $1.01 billion, up 15% year over year, and a narrowed GAAP loss compared to the previous quarter.
- Growth in Customer Base: Twilio continues to expand its enterprise customer base, adding large clients across sectors like healthcare, retail, and fintech, with notable growth in the Twilio Engage and Twilio Flex segments.
- Shareholder Returns: Analysts are cautiously optimistic, with many focusing on the company’s path to profitability, though Twilio’s strong revenue growth and expanding customer base remain key drivers for potential upside.
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TIKR Takeaway
From data platforms to automation tools, the AI economy touches more than just chips and servers.
These 10 companies are playing key roles in the adoption of AI across industries, and some still trade at attractive valuations despite strong growth potential.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
